This consistent seller must have torn up some big bucks in the lead up to the NST 19% news. The bid was not quick enough and therefore they are unwinding. Possible but unproven.
Its a little frustrating as the next decent chunk of stock i want to buy at these cheap levels cant be done until i realize more funds out of several running trades. The recent market movements have slowed that process down. On the positive front, That has provided me with a better price to purchase.
Knowing my luck, the company will say something positive (not that bad) and send the stock back into the 30c range before i get the chance.
I thought the stock was cheap at 31-32c on the pull back, but i was wrong. It is now extremely cheap and almost silly unless deliberate or forced or people assume a placement. The overall strength of the project should allow debt to be sorted very quickly. I wonder if another fund or player might start to work things out and step up at such a large discount. The company does not have a very large register and scale, so the volume over the last two months is very interesting.Time will tell no doubt. The wild card remains the ongoing drilling and the bankable study. I have little doubt its all be fine as the previous announcements have outlined just how strong this project really is. NST must agree with them. As always, dyor.
EAR Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
